Jennison Associates Portfolio holdings
Jennison Associates, founded in 1969 and headquartered in New York City, is a global investment management firm managing over $194 billion in assets as of late 2024, specializing in active equity and fixed-income strategies. A subsidiary of PGIM, the asset management arm of Prudential Financial, Jennison serves a diverse client base—including institutions, sub-advisory clients, public plans, endowments, and corporations—with a focus on fundamental research, bottom-up portfolio construction, and high-conviction investing. Known for its equity expertise across styles, geographies, and market capitalizations, as well as investment-grade fixed-income offerings, the firm employs seasoned portfolio managers averaging 29 years of industry experience and 16 years with Jennison. With additional offices in Boston and a culture emphasizing intellectual rigor and long-term client outcomes, Jennison has built a reputation for excellence and stability in the investment management industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Constellation Energy
CEG
|
+$924M |
| 2 |
Starbucks
SBUX
|
+$862M |
| 3 |
Spotify
SPOT
|
+$706M |
| 4 |
CAVA Group
CAVA
|
+$657M |
| 5 |
KKR & Co
KKR
|
+$592M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eaton
ETN
|
+$1.34B |
| 2 |
Microsoft
MSFT
|
+$1.07B |
| 3 |
Palo Alto Networks
PANW
|
+$1.06B |
| 4 |
Advanced Micro Devices
AMD
|
+$1.01B |
| 5 |
NVIDIA
NVDA
|
+$999M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.76% |
| 2 | Communication Services | 17.2% |
| 3 | Consumer Discretionary | 15.67% |
| 4 | Healthcare | 10.6% |
| 5 | Financials | 8.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Procter & Gamble
PG
$340B
| $65.1M | 0.05% |
381,918
-78,344
| -17% | -$13.1M |
|
177
Eastern Bankshares
EBC
$5.34B
| $64.2M | 0.05% |
3,912,244
-116,653
| -3% | -$2.03M |
|
178
Insulet
PODD
$11.6B
| $63.5M | 0.04% |
241,717
+83,375
| +53% | +$22.6M |
|
179
Ero Copper
ERO
$2.96B
| $63.3M | 0.04% |
5,227,460
-682,167
| -12% | -$9.1M |
|
180
MACOM Technology Solutions
MTSI
$20.3B
| $63.3M | 0.04% |
630,406
+97,943
| +18% | +$11.9M |
|
181
Universal Display
OLED
$3.78B
| $61.4M | 0.04% |
440,333
-243,489
| -36% | -$36.4M |
|
182
Lam Research
LRCX
$385B
| $61.4M | 0.04% |
844,771
-31,396
| -4% | -$2.47M |
|
183
Allison Transmission
ALSN
$10B
| $61.2M | 0.04% |
640,217
+133,635
| +26% | +$14.2M |
|
184
Urban Edge Properties
UE
$2.81B
| $60.7M | 0.04% |
3,193,048
+23,450
| +0.7% | +$469K |
|
185
General Motors
GM
$75.5B
| $60.4M | 0.04% |
1,284,882
-202,373
| -14% | -$9.97M |
|
186
McDonald's
MCD
$191B
| $60.3M | 0.04% |
192,889
-8,672
| -4% | -$2.59M |
|
187
Kanzhun
BZ
$7.25B
| $59.7M | 0.04% |
3,115,467
-214,386
| -6% | -$3.49M |
|
188
Galicia Financial Group
GGAL
$7.98B
| $59.1M | 0.04% |
1,085,329
-163,607
| -13% | -$10.2M |
|
|
PLYM
189
DELISTED
Plymouth Industrial REIT
PLYM
| $57.7M | 0.04% |
3,540,809
-767,447
| -18% | -$12.9M |
|
|
EXE
190
Expand Energy Corp
EXE
$21.3B
| $57.7M | 0.04% |
518,272
+283,820
| +121% | +$29.5M |
|
191
Enerpac Tool Group
EPAC
$1.87B
| $57.6M | 0.04% |
1,284,741
-767,354
| -37% | -$34M |
|
192
Avient
AVNT
$3.43B
| $57.4M | 0.04% |
1,544,693
-280,590
| -15% | -$11.6M |
|
193
Skyward Specialty Insurance
SKWD
$2.48B
| $57.4M | 0.04% |
1,083,937
-212,189
| -16% | -$10.2M |
|
194
Insmed
INSM
$21.3B
| $57.1M | 0.04% |
748,313
-25,500
| -3% | -$1.95M |
|
195
Agnico Eagle Mines
AEM
$76.9B
| $56.6M | 0.04% |
521,829
-89,701
| -15% | -$8.58M |
|
196
Natera
NTRA
$38.9B
| $56.4M | 0.04% |
398,720
-365,336
| -48% | -$58.7M |
|
197
Kontoor Brands
KTB
$4.77B
| $56.2M | 0.04% |
876,666
+84,588
| +11% | +$6.55M |
|
198
Houlihan Lokey
HLI
$8.83B
| $55.7M | 0.04% |
344,604
+37,300
| +12% | +$6.41M |
|
199
Crescent Energy
CRGY
$3.8B
| $55.6M | 0.04% |
4,944,038
+158,712
| +3% | +$2.19M |
|
200
KE Holdings
BEKE
$18.8B
| $55.4M | 0.04% |
2,755,416
-6,104
| -0.2% | -$121K |
|
Similar funds
Jennison Associates's Q1 2025 Portfolio in Review
As of Q1 2025, Jennison Associates held 646 positions worth $143B, down 13% from $165B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Jennison Associates withdrew a net $8.96B in Q1 2025, closing 79 positions and reducing 265 holdings. Its most notable exit was NVR, an estimated $307M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 38% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in Starbucks worth $818M.
- Jennison Associates's largest Q1 2025 buy was Starbucks: 8,336,826 shares worth $818M.
- Jennison Associates added most to Constellation Energy in Q1 2025, an estimated $924M increase.
- Jennison Associates's biggest Q1 2025 reduction was Eaton, cutting an estimated $1.34B.
- Jennison Associates fully exited NVR in Q1 2025, selling an estimated $307M.
- Jennison Associates's ten largest holdings make up 45% of its $143B portfolio in Q1 2025.
- Jennison Associates opened 74 new positions and closed 79 in Q1 2025.
- Jennison Associates's portfolio value fell 13% quarter-over-quarter to $143B.
Based on Jennison Associates's 13F filing for Q1 2025, filed 5 May 2025.